Ukraine to Restructure as Much as $20 Billion of Eurobond Debt

MOSCOW—Ukraine has hired investment bank Lazard to assist in negotiations with foreign creditors over restructuring as much as $20 billion of Eurobond debt as the war-torn country’s finances deteriorate, people familiar with the situation said on Thursday.

The government in Kiev is likely to seek to lengthen maturities and reduce interest rates on existing bonds but not reduce the principal amount in an effort to make the deal more...